Thursday, February 20, 2014

Charlotte ranks No. 14 in best cities for female entrepreneurs

Charlotte beat out Chicago and Miami to take No. 14 in a recent study of the top U.S. cities for female entrepreneurs, according to financial literacy site NerdWallet. 

Washington D.C. (No. 1) San Francisco, Seattle and Minneapolis and Portland made up the top-5, and Raleigh came in at No. 11 spot.  

The list, which ranked Charlotte as 14th, weighed the following: number of businesses per 100 residents, the percentage of businesses owned by women, the median earnings for full-time female works, the percentage of residents 25 years and older with a bachelor's degree or higher, and the unemployment rate. 

For the full list, click here. 

According to the study, 31.1 percent of businesses in Charlotte are female owned, median earnings for full-time female workers is $37,427, and 40.3 percent of residents over 25 years old have at least a bachelor's degree. 

Quoting the National Association of Women Business Owners, NerdWallet said the number of women-owned business firms in the U.S. grew by 59 percent between 1997 and 2013. And today, female entrepreneurs run more than 8.6 million businesses in the country, generating more than $1.3 trillion in total revenues. 

Check out NerdWallet's infographic (click here if it's not big enough) to see the Top-10 list, as well as info on the sectors with the highest concentration of women-owned firms. Healthcare and social assistance was the top sector.